Monthly chart is in Tiger Shroff mode "Abhi to maine start kiya hai!" Sustaining above $19.40 will explode for $23-25. Else will consolidate between $ 19-17 for sometime before resuming this uptrend.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (17.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The...
Silver after reversing from a bullish Harmonic Gartley is retesting the PRZ which now coincides with the PRZ of two Bullish AB=CD patterns (60/162) & (78/127) If it can sustain above 16.35 then it could retest 17.40/17.75
One can look for one more small move with in the structure , Once it completes its corrective nature it will make high likely up to 21.00 + Silver basically its in side ways pattern form Quite Years , Expect to be with in the range of 21 as top and 13.7 as bottom , for your personal understanding you can have a look on weekly time frame and you will...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (17.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Midterm forecast: While the price is above the support 16.55, resumption of uptrend is expected. We make sure when the resistance at 18.75 breaks. If the support at 16.55 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 16.55 is broken. Technical analysis: The Falling Wedge taking...
Silver moving in a flag pattern, in on the lower point of the channel. If the channel is broken on the downside, a slide upto 16.82 can be expected. It has been correcting for some time, there is a possibility that after all the news flow, the short positions will start to unwind and push the prices higher. Since my ideas can be seen in India only, by the time...
Wait for it to breach either of the trendlines and sustain it.
Buy Silver at CMP (17.85+) T1: 21.35 T2: 23.40 T3: 26.00 SL: 16.99
Silver has been correctly sharply for past 3 days, at the moment (17.46) it is at a make or break level. If it slides further, it may touch 16.8 followed by 16.2 levels. Technical indicators are showing weakness at this stage (27-09-19). Traders taking short positions must exercise caution and keep monitoring charts for trend reversal. 18.04 on the upside...
Silver was seen attempting to re-enter the trend lines channel, after a few days of consilidation. It did respected the doji that was formed day before yesterday. RSI 21 also appears to honor support of 50 as it as reversed from there several times. CCI indicator too is indicating a reversal from lower band of range (-70 to -80). Chances of an...